secwatch.observer — SEC 8-K summary
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Issuer:     Western Midstream Partners, LP (WES)
CIK:        0001423902
Form:       8-K
Filed at:   2025-05-07T23:59:59+00:00
Accession:  0001423902-25-000048
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

WES Q1 net income $301.8M; Adjusted EBITDA $593.6M; distribution raised 4% to $0.910/unit
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- Net income $301.8M ($0.79/diluted unit); Adjusted EBITDA $593.6M; FCF $399.4M on $530.8M operating cash flow.
- Record Delaware Basin nat-gas throughput 2.0 Bcf/d; North Loving plant started Feb, adding 250 MMcf/d capacity.
- Distribution $0.910/unit payable May 15, 2025, 4% increase over prior quarter, $3.64 annualized.
- Retired $664M senior notes Jan 2025; 2025 capex guidance reaffirmed $625-775M; steel ordered for Pathfinder Pipeline.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1423902/000142390225000048/0001423902-25-000048-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1423902/000142390225000048/wes-20250507.htm
  HTML page:      https://secwatch.observer/filing/0001423902-25-000048

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